Lido layoffs

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year…

Several start-ups recently went for layoffs of employees in order to cut costs and reduce role redundancy. The companies include Meesho, Unacademy, Furlenco, Trell, OkCredit and Lido. Such layoffs were also experienced after funding peaked…